Shell Midstream Partners, L.P. (SHLX) will raise its quarterly distribution to $0.3041 per unit.
The distribution will be paid August 14, 2017 to unitholders of record as of July 31, 2017.
Shell Midstream Partners, headquartered in Houston, Texas, is a fee-based, growth-oriented midstream master limited partnership formed by Royal Dutch Shell to own, operate, develop and acquire pipelines and other midstream assets. Shell Midstream Partners' assets consist of pipelines, crude tank storage and terminals.